The new U.S. sanctions mean an estimated 35% of 669 shadow fleet tankers involved in shipping Russian, Venezuelan and Iranian oil have been hit with sanctions by either the U.S., the U.K. or ...

The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent to which the move has upended the global shipping market. The ...

This is equivalent to a 15% rise, bringing the cost to charter a supertanker on that route to $4.1 million, said the second shipbroker. Supertanker rates on other routes have seen similar increase ...

Supertanker rates surged in the aftermath of the U.S. sanctions on Russian oil trade and shadow fleet tankers, with rates for the vessels capable of shipping 2 million barrels of crude doubling in ...

Short selling $65.80M; Ratio 22.739% 's trading arm, Unipec, chartered a number of supertankers last Friday (10th), shoring up the freight rate sharply for each VLCC carrying 2 million barrels of ...

Freight rates for Very Large Crude Carriers have surged after the Biden administration expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from ...